EBay has partnered with brick-and-mortar retailers including Toys R Us, Macy's, Target and Best Buy to build mobile systems that facilitate in-store shopping. The move is designed to help eBay capitalize on in-store shopping, which still comprises about 95% of overall retail activity, analysts say.
Traditional retailers are building and buying the facilities, skills and technology they need to create thriving online operations. This year, retailers including Macy's, Saks, Dillard's and Kohl's unveiled massive new online fulfillment centers, and others including Wal-Mart and Home Depot have been acquiring startups to add the tech tools they need to compete online.
About 10 million UK consumers are expected to show up and spend $2.4 billion on Boxing Day bargains, according to Experian, buoying retailers' hopes for a strong finish to the holiday season. Shoppers who held back in the last couple weeks before Christmas in anticipation of day-after deals are expected to spend today on everything from TVs and electronics to clothing and home furnishings.
Sales in the 10 days before Christmas rose as much as 30% at India's retailers compared to the same period last year, and unexpectedly high demand is giving merchants the option of putting off deep discounting until mid-January. "This quarter has been one of the best since 2008. Demand has been consistent across categories," said Future Group CEO Kishore Biyani.
Clinton Cards entered administration and closed about half its 750 UK stores before creditor American Greetings acquired the company earlier this year. Since then, the retailer has invested about £16 million to modernize stores and operations with the ultimate goal of boosting sales by merchandising bigger-ticket gifts alongside the cards.